XML 24 R16.htm IDEA: XBRL DOCUMENT v3.24.3
INVENTORY
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORY

5. INVENTORY:

Inventory consisted of the following (in thousands):

 

 

September 30, 2024

 

 

December 31, 2023

 

Raw materials

 

$

104,790

 

 

$

113,400

 

Work-in-process

 

 

28,930

 

 

 

9,433

 

Finished goods

 

 

42,238

 

 

 

52,962

 

Inventory

 

$

175,958

 

 

$

175,795

 

The Company recorded an increase in its inventory reserves of $2.3 million and $2.5 million for the three months ended September 30, 2024 and 2023, respectively, and $2.6 million and $6.6 million for the nine months ended September 30, 2024 and 2023, respectively, due to excess inventory levels in certain products and raw materials.